Tudor Investment Corp ET AL Purchases 21,472 Shares of Trustmark Corporation $TRMK

Tudor Investment Corp ET AL boosted its position in Trustmark Corporation (NASDAQ:TRMK) by 11.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,748 shares of the financial services provider’s stock after purchasing an additional 21,472 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.34% of Trustmark worth $8,187,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Trustmark by 24.1% in the third quarter. IFP Advisors Inc now owns 1,375 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 267 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Trustmark in the third quarter worth about $240,000. CANADA LIFE ASSURANCE Co raised its holdings in Trustmark by 2.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 50,892 shares of the financial services provider’s stock worth $2,023,000 after purchasing an additional 1,360 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Trustmark in the third quarter worth about $346,000. Finally, Qube Research & Technologies Ltd raised its holdings in Trustmark by 23.9% in the third quarter. Qube Research & Technologies Ltd now owns 163,216 shares of the financial services provider’s stock worth $6,463,000 after purchasing an additional 31,476 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors.

Trustmark Price Performance

Shares of NASDAQ TRMK opened at $43.09 on Tuesday. The business’s 50 day moving average price is $42.78 and its 200 day moving average price is $40.57. The firm has a market cap of $2.54 billion, a P/E ratio of 11.61 and a beta of 0.65. Trustmark Corporation has a 52 week low of $29.77 and a 52 week high of $45.43. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $209.44 million for the quarter, compared to analyst estimates of $207.05 million. Trustmark had a return on equity of 10.77% and a net margin of 19.95%.During the same quarter in the prior year, the firm earned $0.92 earnings per share. On average, sell-side analysts expect that Trustmark Corporation will post 3.42 earnings per share for the current year.

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were given a $0.25 dividend. This is an increase from Trustmark’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, February 27th. Trustmark’s payout ratio is currently 26.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DA Davidson upped their price objective on shares of Trustmark from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Hovde Group upped their price objective on shares of Trustmark from $42.00 to $44.50 and gave the company a “market perform” rating in a report on Thursday, January 29th. Brean Capital assumed coverage on shares of Trustmark in a report on Thursday, March 12th. They set a “buy” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Trustmark in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

About Trustmark

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.